Today, the CIO of Arrow Electronics (NYSE: ARW), Vincent Melvin, sold shares of ARW for $156.2K.
In addition to Vincent Melvin, one other ARW executive reported Sell trades in the last month.
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Based on Arrow Electronics’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $7.39 billion and quarterly net profit of $170 million. In comparison, last year the company earned revenue of $6.47 billion and had a net profit of $99.68 million. ARW’s market cap is $6.81B and the company has a P/E ratio of 13.96. Currently, Arrow Electronics has an average volume of 45.38K.
The insider sentiment on Arrow Electronics has been negative according to 91 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Vincent Melvin’s trades have generated a -10.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Arrow Electronics, Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions . It operates through two segments: Global Components Business and Global Enterprise Computing Solutions. The Global Components segment involves in the marketing and distribution of electronic components and provides a range of value added capabilities throughout the entire life cycle of technology products and services through design engineering. global marketing, and integration, global logistics and supply chain management. The Global Enterprise Computing Solutions segment provides computing solutions, and services which include datacenter, cloud, security, and analytics solutions. The company was founded by Robert W. Wentworth and John C. Waddell in 1935 and is headquartered in Centennial, CO.
